Reply to LS/NVA Drama

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of rumors around the fields this weekend is that LSP is being sold. No way that is true, right? Why would  LS sell their facility?[/quote]

Rumor is revenue has fallen off a cliff recently.[/quote]
Revenue is doing just fine, and the money they'll make from the sale will be exceptional. They have access to many fields, they can easily sell LSP and still have access to more fields than anyone else in NOVA [/quote]

This is correct.

It will be sold - but they will still use it for awhile.

They will make a premium on that property and like most other clubs (non Rev) will do just fine without a “home” facility.   Why pay to maintain a facility when Loudoun is pumping millions into new park fields that [b]you will have first dibs on[/b].    It makes total business sense removing one of their biggest costs (maintenance) and will have little to no impact on the club itself.  [/quote]

will be shared with Revolution...[/quote]

Revolution is a for profit. No access to public fields. Unless of course NE, Jim and his $$ can bypass the ethical and legal hoops. Is it possible?[/quote]

VRSC is a registered non-profit with access to public fields. You can look this stuff up, you know.[/quote]

I just did and they are a for profit. [/quote]

The IRS non-profit search tool doesn’t return results that are for-profit. If you can’t understand that I don’t know what to tell you. It’s black and white. [/quote]

What kind of financial engineering does it take to be a non-profit that purchases a 4-field complex for almost 20mil and still maintain non-profit status? Let alone them salaries [/quote]

The non-profit did not purchase the complex. [/quote]

Is it legal? Forget ethics. How do you maintain non-profit status if created and sustained by a for-profit? VYSA’s BOS allows this?[/quote]

They are for-profit[/quote]

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